NAC354.875. Identification of certain conditions: Interpretation of certain statutory terms.

Latest version.

As used in NRS 354.685, the Committee interprets:

1. The term “decline” to mean a decline of 20 percent or more in the balance of the general fund of the local government.

2. “Past 2 years” to mean the past 2 fiscal years.

(Added to NAC by Com. on Local Gov’t Finance by R201-01, eff. 4-5-2002)

                    
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